Gold Jumps, Bunds Slump, EUR Pumps After Draghi Disappointment
by Tyler Durden
ZeroHedge.com
12/03/2015
Over-promise and under-deliver appeears to have been the Draghi meme as the ECB chief’s loss of control of market front-running has left traders rapidly reversing their buy-the-rumor positions. EURUSD is spiking higher, Bund yields – most focused at the short-end – are surging, DAX is dumping, and US equity and bond markets are being sold. USD weakness has sparked gold and crude strength. We are gonna need a lot more jawboning in the press conference to save this…
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